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A00922 Summary:

BILL NO    A00922 

SAME AS    No same as 

SPONSOR    Galef (MS)

COSPNSR    Englebright, Lavine, Clark, Giglio, Thiele, Paulin, Fitzpatrick,
           Schimel, Tenney

MLTSPNSR   Magee, McLaughlin

Add S14-115, El L

Restricts transfers of funds by political committees of candidates to
committees of other candidates to $500 annually; and to any party committee or
constituted committee to $1000 annually; imposes a fine of at least $1000 but
not more than $5000 for violations thereof.
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A00922 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                          922

                              2013-2014 Regular Sessions

                                 I N  A S S E M B L Y

                                      (PREFILED)

                                    January 9, 2013
                                      ___________

       Introduced by M. of A. GALEF, ENGLEBRIGHT, LAVINE, CLARK, GIGLIO, THIELE
         --  Multi-Sponsored  by -- M. of A. MAGEE -- read once and referred to
         the Committee on Election Law

       AN ACT to amend the election law, in relation to  restricting  transfers
         of campaign funds between candidates

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. The election law is amended by adding a new section  14-115
    2  to read as follows:
    3    S  14-115. TRANSFERS OF CAMPAIGN FUNDS RESTRICTED.  1.(A) NO POLITICAL
    4  COMMITTEE AUTHORIZED BY A CANDIDATE, OR ANY OFFICER, MEMBER OR AGENT  OF
    5  SUCH  A COMMITTEE, MAY TRANSFER MORE THAN FIVE HUNDRED DOLLARS PER ANNUM
    6  FROM FUNDS OWNED OR CONTROLLED BY SUCH COMMITTEE TO ANY OTHER  CANDIDATE
    7  OR  POLITICAL  COMMITTEE  AUTHORIZED  BY  ANOTHER CANDIDATE, NOR SHALL A
    8  CANDIDATE OR POLITICAL COMMITTEE AUTHORIZED BY A CANDIDATE, OR ANY OFFI-
    9  CER, MEMBER OR AGENT OF SUCH A CANDIDATE OR  COMMITTEE,  ACCEPT  SUCH  A
   10  TRANSFER.
   11    (B)  NO POLITICAL COMMITTEE AUTHORIZED BY A CANDIDATE, OR ANY OFFICER,
   12  MEMBER OR AGENT OF SUCH A COMMITTEE, MAY TRANSFER MORE THAN ONE THOUSAND
   13  DOLLARS PER ANNUM FROM FUNDS OWNED OR CONTROLLED BY  SUCH  COMMITTEE  TO
   14  ANY PARTY COMMITTEE OR CONSTITUTED COMMITTEE.
   15    2.  ANY PERSON WHO VIOLATES THIS SECTION SHALL BE SUBJECT TO A FINE OF
   16  AT LEAST ONE THOUSAND DOLLARS BUT NOT TO EXCEED FIVE THOUSAND DOLLARS.
   17    S 2. This act shall take effect on the first of January next  succeed-
   18  ing the date on which it shall have become a law.


        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04398-01-3
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